Friday, March 5, 2010

Blog Update

After quite the party throughout the Olympics here in Vancouver, capped off by a brilliant victory in men's hockey (take that!), I have had some time to evaluate how I am using my time to maximize the return on my existing skills and to simultaneously build skills that can be used in the future. Long-time readers of this blog know that this blog itself has generated no income, nor was it ever intended to do so. Income has been generated by my own speculative activities and some writing assignments for local financial firms.

Five years ago I made a decision to pursue an education on my own terms. A practical education filled with real-world experiences and a "learn by doing" mentality. My other option was "what everyone else was doing." Going to university, racking up $100,000 plus of debts and coming away with a piece of paper declaring my competence. This piece of paper, I was told, would increase my earnings potential by about 20% for the first 10 years of my working life, at which point it would become more or less irrelevant. The math didn't make any sense. With the interest on the debt, even a high starting salary wouldn't pay it off in ten years. And to top it off, I was surrounded by people who already had degrees but couldn't find work in their trained fields. They went back to coaching tennis or doing security. It really was an easy decision.

Over the past five years I have done proprietary trading for a small financial institution, managed my own account, operated this blog, attained a number of professional certifications in the financial services industry, and spent countless hours reading and researching economic theory, business cycle theory, economic history, the financial markets, capital flows and anything in between that interested me at the time. I have had the luxury of doing all this while living for extended periods of time in Europe and South America, gaining important cultural insights. I'm 27. I have no debt and a little stash of savings.

Far from suggesting that I can't learn anything else (the more I learn, the more I learn how little I know), I have indeed reached a point where this sort of self-directed process has met the law of diminishing returns. It has come time for me to apply what I have learned in another fashion.

I again had two options. The financial services industry was where my training naturally directed me toward. But being under 30 with my qualifications only gave me access to a few entry level positions. Positions abound for "investment advisors" at all the major institutions in Canada. They could just as accurately title the position "Shameless Mutual Fund Salesperson", because that is what they do: siphon their customers into a "balanced" portfolio of instruments that garner the highest sales fees possible. I couldn't, in good conscience, resign myself to this pitiful existence. Alternatively, I could be an "Investor Relations Representative" for a small junior mining company. Being paid primarily in stock options, whose value is dependent on some geologist finding a hot hand? Thanks, but no thanks.

So the option remaining is to use my financial background by pursuing small business development. And as it turns out, there is a family business in need of a new manager. It has a stable earnings flow and significant potential for expansion. Starting now, the majority of my time will be spent improving this business.

What this means for my readers, unfortunately, is that regular updates to this blog will no longer be a priority. I will continue to read a good amount of financial news, and thus, should have no problem keeping the "recommended reading" links updated regularly. Surely, I will at some point get antsy and feel like I should write something (or rant about something). Gone will be watching the markets tick-by-tick as I have for these past 5 years. Perhaps eliminating this short term oriented habit will help me gain a different perspective of the markets.

I'd like to thank my long-time readers for their support, encouragement and advice. I have, indeed, gleaned as much insight from your feedback as I have provided to others. And that was my entire motive of this little project.

Thank You!


Disclaimer: The content on this site is provided as general information only and should not be taken as investment advice. All site content, including advertisements, shall not be construed as a recommendation to buy or sell any security or financial instrument, or to participate in any particular trading or investment strategy. The ideas expressed on this site are solely the opinions of the author(s) and do not necessarily represent the opinions of sponsors or firms affiliated with the author(s). The author may or may not have a position in any company or advertiser referenced above. Any action that you take as a result of information, analysis, or advertisement on this site is ultimately your responsibility. Consult your investment adviser before making any investment decisions.

43 comments:

Paulus said...

Good luck

Anonymous said...

I really enjoyed reading your blog matt. Do hope you post once in a while as I have learned alot from you. Goodluck

mike.montchalin said...

Welcome back from the Olympics!

Good decision on not going to college. And congrats on your new position.

The most interesting things in the market will be upon us and I've got a feeling You won't be able to restrain a quick comment.

Meanwhile I am glad you'll keep your daily reading available to us.

Anonymous said...

Thanks for your insight and good luck!!

Alexcanuck said...

I'm gonna miss you, Matt! Please post occasionally.

thirdwave said...

Hi Matt,

Thought you might be interested that Elliott Wave International recommended your blog in their latest Elliott Wave Theorist.

Shame you have stopped posting. Any chance this may encourage you to take it back up again? Sure hope so . . . ;-)

Regards,
Tracey

http://hyesung000.blogspot.com/ said...

90 days free to try and study!
120us to start an enterprise! Grow up automation system
You could be making $2,000 to $5,000 of extra income every month!

http://sn.im/vemma_usa

Matt Stiles said...

Tracey,

I noticed that. Always nice to get some props! But I'm unlikely to continue posting for at least a few years. Business is expanding 50-100% this year.

But I'm still reading and learning, so hopefully when I do come back the quality is better!

jeeny said...

I have been visiting various blogs for my dissertation writing assignment research. I have found your blog to be quite useful. Keep updating your blog with valuable information... Regards

Print Business Cards said...

I like your post, the fact that your site is a little bit different makes it so interesting, I get sick up seeing the same old boring recycled stuff all of the time.

Anonymous said...

Hello i am trader professional my web is www.salvationtrader.es
Greetings.

eli premium said...

all the best!

Sam said...

Thanks for the post and good luck to you!

Xanax Bars said...

Shame you have stopped posting. Any chance this may encourage you to take it back up again? Sure hope so

Jessy said...

good luck!

Stock Tips said...

This is such a great resource that you are providing and you give it away for free. I love seeing
websites that understand the value of providing a quality resource for free. It’s the old what goes around comes around routine. Big thanks for the useful info.

MCX Tips said...

Truly wonderful work… there is no messing about with your work, you get straight to the point that you're trying to make and you do it extremely well using simple and easy to understand language. Well done.

Mcx Tips said...

This is a remarkable post by the way. I am going to go ahead and save this post for my sis to check out later on tomorrow. Keep up the excellent work.

Commodity Tips said...

All the contents you mentioned in post is too good and can be very useful. I will keep it in mind, thanks for sharing the information keep updating, looking forward for more posts. Thanks

Nifty Future Tips said...

Aw, it was an extremely great post. Theoretically Id like to write similar to this also - taking time and real effort to produce a good article but exactly what can I say I procrastinate a lot and never
often get something done.

Jody C. Combs said...

Professional IT certification exams prove as a doorway to keep people update about their significant fields
000-540, 1Z0-459, FM0-307, and more detail.

certification study guide said...

Thanks for an insightful post. These comments are really helpful. I found a lot of useful tips from this post. HP0-J62, HP0-M66, 9L0-412
and more detail.

Mark Wright said...


I just wanted to thank you for the contribution you have done for the readers. i have improved my knowledge so far.
Nursing Essays
Uk Essay Writing Service
Essay Writing Service Uk
nursing essay writing service

qamar mughal said...

Are you sitting comfortably? The constantly changing fashionable take on legal translation company in dubai demonstrates the depth of the subject. While much has been written on its influence on contemporary living, legal translation company in duba is not given the credit if deserves for inspiring many of the worlds famous painters. Inevitably feelings run deep amongst global commercial enterprises, who form the last great hope for our civilzation

Sonam Jaan said...
This comment has been removed by the author.
Sonam Jaan said...
This comment has been removed by the author.
TOPESCORTSDUBAI said...

If you found the Indian escorts in Dubai or Indian model escorts in Dubai then you go to TOP ESCORTS DUBAI which have also student escorts in Dubai which is perfect for romantic meeting.

Mayur Jain said...

This Site provide accurate Stock News,Intraday Tips,Free Tips,Futures Tips,Option Tips,Best & accurate ...Stock Cash Tips.Stock market tips with deep research given by our analyst.
stock cash tips

jaring safety said...

The article posted was very informative and useful
thanks for sharing..
jaring futsal | jaring golf | jaring kassa / jaring polynet | jaring pengaman proyek | jaring pengaman bangunan | jaring pengaman gedung | jaring gawang | jaring paranet / jaring tanaman | rumput sintetis / rumput futsal |
tangga darurat | jaring cargo | agen jaring | jaring outbound | jaring truk | tali tambang
http://jaringfutsal.wordpress.com
http://jualjaringfutsal.wordpress.com
http://tokojaring.wordpress.com
http://jualtambangmurah.wordpress.com
http://pasangjaringfutsal.wordpress.com
http://pancasamudera.wordpress.com

Free equity tips said...

I'm truly enjoying the design and layout of your Blog. It's a very easy on the eyes which makes itmuch more enjoyable for me to come here,Again and gain

Free equity tips said...

wow ...one of the Great Blog ...Which i have ever Read ...So much sportism In it which shows the ..sportman man spirit in you

Free equity tips said...

Really enjoying this blog ... Mr . Matt Stiles...I have Learnt A lot from it

Somya Panchal said...


Free nifty tips
Nice blog
help to gain information from it

House Painters in Dubai said...

Great information from this blog and I have to tell you, your website giving the best and awesome information. And I would like to thanks for this information that I had been looking. Regards House Painters in Dubai

dubai models said...

i love indian models in dubai. that provides best envirement for entertainment. you can b contact us +971561616995 adn visit this site
Entainment in dubai

Super Bright said...

Nice information providing by your article and I would really like to thank for your article it’s really helpful. Regards Professional Painters in Dubai

investment adviser said...

I daily visit this blog and found here updated information that is very useful for better investment in the market. Epic Research is a reputed firm which gives informative stock tips.

Salwarr. com said...

Every Young ladies , Womens & Girl are Found of Shopping .
For an Auspicious Occassions Like Festival , Wedding Ceremonies Engagements Ceremony So,
Here We Have Some For You In Your Budget For More....

for more designer saree visit our website indain.supply

aarna singh said...

Wonderful post and interesting information for those who seeking guidance.stock tips

WWE STARS said...

Lahore Escorts
escorts in lahore

aarna singh said...

Very well explained everything and detail.It is useful for beginners also. Intraday tipsare also very useful for investors and beginner to reap benefits.

Best Painters in Dubai said...

Great information from this blog and I have to tell you, your website giving the best and awesome information. And I would like to thanks for this information that I had been looking. Regards Best Painters in Dubai

Super Bright said...

Superb article and I would really like to thank for your article it’s really helpful. Regards Best Painters in Dubai


View My Stats